Lazydays Holdings, Inc. To Acquire Tennessee RV Supercenter
Tampa, Fla. (October 23, 2018) – Lazydays Holdings, Inc. (NASDAQCM: LAZY) (“Lazydays RV” or “Lazydays”) has announced that an agreement has been signed to acquire Tennessee RV Supercenter. Located just outside Knoxville, Tenn., Tennessee RV is a premier RV dealership and a short drive from the entrance to Great Smoky Mountains National Park, the most visited National Park in America with over 11 million annual visitors. Tennessee RV is a regular recipient of the RVBusiness Top 50 Dealer Award.
“We are extremely pleased to announce the acquisition of Tennessee RV Supercenter as we continue to execute our geographic expansion strategy,” stated William P. Murnane, Chairman and CEO of Lazydays. “We are honored and humbled that Roger Sellers has chosen Lazydays to shepherd his longtime family business into the future. Roger has built an outstanding organization and team that is committed to providing an exceptional customer experience and is a perfect fit for Lazydays. We are thrilled to have Tennessee RV become part of the Lazydays’ family of dealerships.”
“I am very excited to turn over the keys to Tennessee RV to Lazydays,” commented Roger Sellers, owner of Tennessee RV. “I have reached a point in my life where I want to focus on and enjoy my many interests outside the RV business. The culture of Lazydays and its focus on customers and employees makes it a perfect match for the outstanding team we have built at Tennessee RV. I have great love and admiration for the Tennessee RV team and want to thank them for helping build and grow this wonderful dealership. I am confident the Tennessee RV team and Lazydays will do great things together,” stated Mr. Sellers.
The acquisition of Tennessee RV Supercenter is expected to be finalized in 30 to 60 days. Upon closing, Tennessee RV Supercenter will be rebranded as Lazydays RV of Knoxville, and Jason Rees, the current Sales Manager and 13-year veteran of Tennessee RV, will become the General Manager of Lazydays RV of Knoxville. Lazydays will then operate dealerships located in Florida, Colorado, Arizona, Minnesota and Tennessee.
Lazydays, The RV Authority™, is an iconic brand in the RV industry. Home of the world’s largest recreational dealership, based on 126 acres outside of Tampa, Florida, Lazydays also has dealerships located in Tucson, Arizona, Minneapolis, Minnesota, and Loveland, Denver and Longmont, Colorado. Offering the nation’s largest selection of leading RV brands, Lazydays features more than 2,700 new and pre-owned RVs, over 300 service bays and two on-site campgrounds with over 700 RV campsites. Lazydays also has rental fleets in Florida, Minnesota and Colorado. In addition, Lazydays RV Accessories & More stores offer thousands of accessories and hard-to-find parts at all of our dealership locations.
Since 1976, Lazydays has built a reputation for providing an outstanding customer experience with exceptional service and product expertise, along with being a preferred place to rest and recharge with other RVers. Lazydays consistently provides the best RV purchase, service, rental and ownership experience, which is why more than a half-million RVers and their families visit Lazydays every year, making it their “home away from home.”
Lazydays Holdings, Inc. is a publicly listed company on the NASDAQ stock exchange under the ticker “LAZY.” Additional information can be found at https://www.lazydays.com/investor-relations.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including Lazydays’ ability to successfully close the acquisition of Tennessee RV and realize its expectations regarding integration, synergies and future performance, economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, and other factors described from time to time in Lazydays SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law.